For everyone who is going long on Yushu Technology $UNITREE , how are you?
First, let me make it clear: I’m not bashing Yushu Technology. But when I see overwhelming claims like “getting one bid and making 470,000,” and then there’s a whole bunch of people regretting that they didn’t apply for the new shares, I can’t help but feel it’s getting out of hand.
Many people don’t even know the most basic calculations behind applying for new issues, yet they’re just shouting about this and that.
With Yushu’s listing this time, everyone online is showing screenshots of “profit 470,000 from one winning bid,” but nobody tells you this: the online winning rate is only 0.0181%. 9.78 million households抢 19,400 issue numbers. On average, only 1 out of every 500 households wins.
Based on the market value required for subscription, your cost to apply for new shares would be several tens of millions in average daily assets. And with an issue P/E of 219x and a P/S of 35.9x, anyone who chased in at the high end was already in an unrealized loss on day one.
This is the A-share version of a “dream tax”: either you spend tens of millions to try your luck with a probability of just 0.18%, or you become a buyer in the secondary market taking over an valuation that’s been propped up by the Spring Festival Gala advertisement budget.
But on-chain is different. A fixed-rate lending protocol like TermMax plays a completely different game—when you open the position, the borrowing cost is locked in. At maturity, you receive the repayment; it doesn’t rely on luck. On BNB Chain, you can already use Ondo’s tokenized stocks as collateral to borrow liquidity. With RWA collateral + fixed interest rates, it perfectly rides the current wave of compliance narratives.
The XP/AP/MP three points tracks accumulate independently. The TGE is August 25, and the total airdrop pool has been raised to 15%.
Yushu is “tens of millions of people抢 19,400号.” TermMax is “anyone with USDC opens a position and gets points.” The former bets desperately on probability; the latter uses capital efficiency to achieve certainty.
When the market is hot, it’s actually the best window to shift your strategy from “betting on direction” to “locking in interest rates.” If Yushu rises, you can also deposit a stablecoin on TermMax to earn fixed yield and farm points—both sides are compatible. That’s the right way for retail investors to play.
#termmax @TermMax
First, let me make it clear: I’m not bashing Yushu Technology. But when I see overwhelming claims like “getting one bid and making 470,000,” and then there’s a whole bunch of people regretting that they didn’t apply for the new shares, I can’t help but feel it’s getting out of hand.
Many people don’t even know the most basic calculations behind applying for new issues, yet they’re just shouting about this and that.
With Yushu’s listing this time, everyone online is showing screenshots of “profit 470,000 from one winning bid,” but nobody tells you this: the online winning rate is only 0.0181%. 9.78 million households抢 19,400 issue numbers. On average, only 1 out of every 500 households wins.
Based on the market value required for subscription, your cost to apply for new shares would be several tens of millions in average daily assets. And with an issue P/E of 219x and a P/S of 35.9x, anyone who chased in at the high end was already in an unrealized loss on day one.
This is the A-share version of a “dream tax”: either you spend tens of millions to try your luck with a probability of just 0.18%, or you become a buyer in the secondary market taking over an valuation that’s been propped up by the Spring Festival Gala advertisement budget.
But on-chain is different. A fixed-rate lending protocol like TermMax plays a completely different game—when you open the position, the borrowing cost is locked in. At maturity, you receive the repayment; it doesn’t rely on luck. On BNB Chain, you can already use Ondo’s tokenized stocks as collateral to borrow liquidity. With RWA collateral + fixed interest rates, it perfectly rides the current wave of compliance narratives.
The XP/AP/MP three points tracks accumulate independently. The TGE is August 25, and the total airdrop pool has been raised to 15%.
Yushu is “tens of millions of people抢 19,400号.” TermMax is “anyone with USDC opens a position and gets points.” The former bets desperately on probability; the latter uses capital efficiency to achieve certainty.
When the market is hot, it’s actually the best window to shift your strategy from “betting on direction” to “locking in interest rates.” If Yushu rises, you can also deposit a stablecoin on TermMax to earn fixed yield and farm points—both sides are compatible. That’s the right way for retail investors to play.
#termmax @TermMax